2024

United

Prime

Coin

<ul class="news-points">
 <li><strong>WisdomTree has secured a license to open its crypto app to New York residents.</strong></li>
 <li><strong>It is a Limited Purpose Trust Charter by the New York State Department of Financial Services.</strong></li>
 <li><strong>Coinbase and Fidelity are among the nine firms that previously secured the license.</strong></li>
</ul>
<p>WisdomTree, a prominent firm with over $100 billion under management, has secured regulatory permission to launch its crypto app WisdomTree Prime to residents of New York, United States. Eleanor Terrett, a correspondent at Fox Business News, broke the news to the crypto community a few hours ago on X.&nbsp;</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: <a href="https://twitter.com/WisdomTreeFunds?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@WisdomTreeFunds</a> has been granted a trust company charter by <a href="https://twitter.com/NYDFS?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@NYDFS</a>, giving it the ability to launch its <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> app <a href="https://twitter.com/WisdomTreePrime?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@WisdomTreePrime</a> in New York. <a href="https://t.co/hlIoQ9vNjs" target="_blank" rel="noopener noreferrer nofollow">https://t.co/hlIoQ9vNjs</a> <a href="https://t.co/kcRwmjdt9l" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/kcRwmjdt9l</a></p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1771132618144104929?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Per the disclosure, WisdomTree has been granted <a href="https://coinedition.com/asset-manager-wisdomtree-partners-with-nydfs-to-provide-crypto-service/" rel="noopener noreferrer nofollow">a Trust Company Charter by the New York State Department of Financial Services (NYDFS)</a>. This Charter empowers the firm to conduct fiduciary custody of digital assets, provide wallet services, issue and exchange NYDFS-approved stablecoins, and manage stablecoin reserves. As a result, WisdomTree now poss…</p>
<p>The post <a href="https://coinedition.com/100b-asset-manager-wisdomtree-secures-license-to-launch-crypto-app-in-new-york/" rel="noopener noreferrer nofollow">$100B Asset Manager WisdomTree Secures License to Launch Crypto App in New York</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

$100B Asset Manager WisdomTree Secures License to Launch Crypto App in New York

Coin Edition

Other articles published on Mar 22, 2024

5 Web3 Social and SocialFi Platforms to Look Out For in 2024

Estonia approves bill to regulate crypto service providers

Leveraging Generative AI to Enhance Journalism

Can AVAX Sustain Bullish Momentum Amid MACD Signals and Wave Patterns?

Will Shiba Inu Outperform Dogecoin In 2024 As The Top Meme Coin?

Bybit App Disappears From Apple App Store In India

Join our free newsletter for daily crypto updates!